Small business owners and self-employed individuals have a variety of qualified retirement plans from which to choose to save and invest for retirement. A qualified retirement plan is an IRS approved plan in which the contributions are pre-tax, the gain or growth is tax deferred, and the withdrawals after retirement are taxed at the account holder's tax rate in the year the funds are actually received. The only exception to this is a Roth IRA in which contributions are not tax deductible, but all qualified withdrawals after retirement are totally tax-free.

Following is a list of qualified retirement plans available to small businesses and self-employed individuals.

• Traditional IRA
• Roth IRA
• Simple Plan
• Simplified Employee Pension Plan [SEP]
• 401-K Plan
• Safe Harbor 401-K Plan
• Solo 401-K Plan
• Roth 401-K
• Profit Sharing Plan

All of these plans can have advantages and disadvantages. We can provide you with an analysis that considers your individual situation and which option or options are best for you. We will also provide you (and your employees if appropriate) a wide variety of investment options. However, normally, we suggest that plan participants select an asset allocation model which best fits their situation. Normally, there are at least four models available to participants: conservative, moderate, moderate growth, and growth.

Note: 401-K and Profit Sharing Plans normally have initial and ongoing administrative expenses; however, we are able to reduce these expenses compared to other providers of these types of plans.

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